Benjamin Kipkirui Langat

All parliamentary appearances

Entries 2151 to 2160 of 2560.

• 16 Oct 2013 in National Assembly: (a) a specified bank; view
• 16 Oct 2013 in National Assembly: (b) a specified financial institution; view
• 16 Oct 2013 in National Assembly: (c) a specified microfinance bank; view
• 16 Oct 2013 in National Assembly: (d) any other person or body of persons which the Minister on the recommendation of the Bank may by notice in the Gazette prescribe. view
• 16 Oct 2013 in National Assembly: The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor. view
• 16 Oct 2013 in National Assembly: For the purpose of this section, “institution” includes a specified bank, as earlier explained. The effect of this is that the institutions which are defined here are allowed by the Central Bank of Kenya to open accounts. So, microfinance banks will open accounts with the CBK like other normal banks. view
• 16 Oct 2013 in National Assembly: I want to say that part of the reason we have allowed the microfinance banks to open bank accounts is to enable them issue third party cheques. Initially, they could not issue them. Now, they are able to open accounts with the CBK; they can participate in clearing houses. That is the effect of that amendment. view
• 16 Oct 2013 in National Assembly: THAT, the Central Bank of Kenya Act be amended by deleting section 36 and substituting therefor with the following new section: (1) The Bank may grant loans or advances for fixed periods not exceeding six months to specified banks and specified microfinance banks which pledge treasury bills or other Government securities specified by the Bank. (2) Except as provided in this section the Bank shall not extend credit directly or indirectly to specified banks or specified microfinance banks. (3) The Bank may determine the general terms and conditions under which it extends credit to specified banks and specified microfinance banks, ... view
• 16 Oct 2013 in National Assembly: Hon. Temporary Deputy Speaker, Sir, this is meant to bring microfinance under the institutions that can be given loans by the CBK. We are also bringing in microfinance to the normal banking system. The overall effect of the amendments I have read under that section is to enable the CBK, just like it does to the banks, to extend loans to microfinance banks as and when necessary. view
• 16 Oct 2013 in National Assembly: THAT, section 43 of the Central of Bank of Kenya Act be amended by deleting subsection (1) and substituting therefor with the following new subsection: (1) Every specified bank, specified financial institution and specified microfinance bank shall furnish to the Bank, at such time and in such manner as the Bank may prescribe, any information and data the Bank may reasonably require for the proper discharge of its functions under this Act . We are including the microfinance banks in the list of institutions that are supposed to provide certain information to the CBK because they are now performing the ... view